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    189 W Main St Newark, OH 43055

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    For Sale
    $1,231,430

    NNN leased Family Dollar with 9+ years remaining.

    Property size:
    9,000 SF
    Lot size:
    0.72 Acres

    Property Features for 189 W Main St

    General Information

    Size
    9,000 SF
    Lot size
    0.72 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Cody Crist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Family Dollar Store

    This property is a Family Dollar store with over 9 years remaining on the current NNN lease term. The lease includes an attractive rent increase of 10% every 5 years. The store reports exceptional sales. The property benefits from strong demographics, with 70,388 residents within a 5-mile radius. It offers excellent visibility along W Main Street, which sees 5,400 vehicles passing by daily. The property is located 40 miles from Columbus, OH, which has over 900,000 residents. The lease is corporately guaranteed by Dollar Tree Inc., an investment-grade tenant with an S&P credit rating of BBB. The property size is 9,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store Redbox Movie Rental Kiosk

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Kimel's Flowers, Climbing Rose, XOWeddings

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.410058
    Latitude
    40.0557928

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    FAQs

    What type of property is this?
    Storefront property - NNN leased Family Dollar with 9+ years remaining.
    Where is this storefront property located?
    The property is located at 189 W Main St Newark, OH.
    What is the asking price?
    The asking price for this property is $1,231,430.
    What are key features of this property?
    This property features: - Corporately guaranteed by Dollar Tree Inc. (S&P Credit Rating: BBB); - NN Lease Family Dollar with 9+ years remaining on current term; - Attractive rent increase of 10% every 5 years
    (817) 304-8916
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    189 W Main St Newark, OH 43055
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    Newark, OH 43055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    189 W Main St Newark, OH 43055
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